ABA Calls for Consistent Regulation as Crypto CEOs Visit Capitol Hill
Ahead of a House Financial Services Committee hearing on digital assets today—at which the heads of several cryptocurrency firms will...
Newsbytes
OCC Nominee Withdraws from Consideration
Saule Omarova—President Biden’s nominee to serve as the next comptroller of the currency—today announced that she would withdraw her name...
HUD: Reg B-Compliant Loan Programs Targeting Underserved Groups Don’t Violate Fair Housing Act
The Department of Housing and Urban Development today issued guidance that for-profit companies’ special-purpose credit programs designed and implemented with...
Federal Court Issues Nationwide Injunction Against Federal Contractors Vaccine Mandate
A federal court in Georgia today enjoined the federal government nationwide from enforcing its vaccine mandate for federal contractors working...
FinCEN Proposes Beneficial Ownership Reporting Requirements
The Financial Crimes Enforcement Network today proposed regulations to implement the Corporate Transparency Act—a bipartisan, American Bankers Association-supported bill that...
ABA, CBA Call for Consistent Oversight of Bank, Big Tech Payments Products
In a letter to the CFPB today, the American Bankers Association and the Consumer Bankers Association emphasized the need for...
U.S. International Trade Balance Shrinks in October
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Consumer Credit Increases in October
In October, consumer credit increased at a seasonally adjusted annual rate of 4.6%. Revolving credit increased at an annual rate...
CFPB Finalizes Reg Z Libor Proposal
As the industry prepares for the discontinuation of Libor, the CFPB today finalized changes to Regulation Z designed to facilitate...
ABA, Trade Groups Urge Congress to Pass Libor Legislation
The American Bankers Association and a coalition of trade groups today urged congressional leaders to pass H.R. 4616, the Adjustable...
